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Do you want to know more about Kale Growth or the opportunities to invest in Kale United? We bring you updates on our portfolio companies in the agrifoodtech space.

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Invest in agrifoodtech

Kale Growth is a €75-100 million SFDR Article 8+ fund launched by the team behind Kale United. It is focused on solving the pressing problem of today’s food system, which is unsustainable, unhealthy, unreliable and underfunded. As a specialist investment firm, we leverage a robust network that consistently generates high quality deal flow, providing our investors with access to innovative companies with strong growth potential.


Fund strategy

Mission

Maximize impact on carbon footprint reduction while maximizing financial return.

Stage

Pre-growth and Growth

Focus

15-20 companies, focus on the Nordics and EU

Fund facts

€75-100M

Capitalization

10+2 years

Investment horizon

+20% IRR

Target, and 3.0 MOIC

Legal structure

The Fund is an alternative investment fund (AIF) managed by Kale Fund Manager AB, which is registered with the Swedish FSA (Finansinspektionen) as an alternative investment fund manager, authorised to market the Fund in accordance with the EuVECA-regulation


Team

Måns Ullerstam

Måns Ullerstam

General Manager

Måns founded Kale United in 2018, bringing his extensive experience as an IT entrepreneur with a strong track record within startups. He has served as CEO of Rebtel and founded companies like Picofun and Resolution Games, backed by major investors such as Softbank and Google. As a Climate Reality Leader trained by Al Gore and as a computer scientist, he combines his expertise in AI and robotics with a commitment to sustainable initiatives.

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Jacob Lindén

Jacob Lindén

General Manager

Jacob has a background in intelligence and information from the Swedish Armed Forces and holds a Master's degree in Finance. For the past two decades, he has held leadership and executive roles in corporate finance and investments with various international companies. Before joining Kale United, he focused on large-scale infrastructure and real estate investments in the onshore salmon farming industry.

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Hugo Lindfelt

Hugo Lindfelt

Investment Manager

Hugo's most recent position was with Velocity Capital, a Copenhagen-based venture capital fund, where he spent three years managing their portfolio. Now based in Stockholm, he has joined the Kale United as an investment manager of Kale Growth. Hugo holds a Master’s degree in Economics and Business Administration.

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Magnus Johansson

Investment Committee

Magnus has extensive experience in FMCG and retail, having served as CEO for Lantmännen Cerealia and COOP. His hands-on knowledge across the entire value chain brings valuable and unique insights into the food industry, complemented by an unparalleled network within the field. Currently, Magnus is the CEO of Bumbee Labs, an AI-driven analytics and predictions company. He holds a Master's degree in Economics.

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Maja Itkonen

Maija Itkonen

Investment committee

Maija Itkonen is the CEO & Founder of Onego.bio - a food-biotech company producing egg proteins via precision fermentation. As a leader in the alternative protein industry she has been featured in Forbes, Food Navigator, Food Technology and Fast Company

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Advisory board

Picture of Robert Boer

Robert Boer

Advisory board

Robert Boer has been investing in food- and agtech for nearly a decade. Most recently he was responsible for Blue Horizon's 60+ food- and agtech seed portfolio.

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Edwin Bark

Advisory board

Edwin Bark is an experienced c-level manager and investor. He is Senior Vice President at Redefine Meat and former Managing Director Tivall Europe.

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Michiel van Deursen

Advisory board

Michiel van Deursen is a former tech entrepreneur. He has founded several successful ventures, including an Amsterdam-based internet agency and a tech incubator. Currently, Michiel focuses on investing in alternative protein companies that innovate in food, materials, and health. He is a board member of Kale United and advisor för Kale Growth.

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Eva Sommer

Eva Sommer

Advisory board

Eva Sommer is a serial entrepreneur in the space. Her expertise is Precision Fermentation and Cultivated Meat. She is the Founder of Fermify and Co-Founder of Peace of Meat, Austria

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Daniel Skavén Ruben

Advisory board

Daniel Skavén Ruben is the Founding Editor of FoodTech Weekly and Founding Partner of Solvable Syndicate. He serves as an operating expert for Nordic FoodTech VC, Mudcake, and Blume Equity, mentors at Big Idea Ventures, Norrsken Accelerator, and Katapult Ocean, and advises or invests in over 40 startups. Previously, he worked with The Rockefeller Foundation and The World Bank Group

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